Mortgage Express transfer to Rosinca Mortgages – anyone else?
My wife and I have just had a letter from Mortgage Express to say that our 11 Buy to Let loans are being transferred this month to Rosinca Mortgages a trading name of Topaz Finance ltd.
Our loans are on the beloved tracker rate. The letter states that the existing terms and conditions will not change.
Our LTV is sitting just below 60%, perhaps this is the level they can get to offload the loans ?
Anyone else had this letter yet?
Many thanks
Darrell
Editors Note:
From UKAR page >> http://www.bbg.co.uk/landlords/transfer-rosinca
“Rosinca Transfer
Important information about the sale and transfer of a portfolio of mortgage accounts to Rosinca Mortgages
If one or more of your mortgages was included in the transfer to Rosinca Mortgages (Rosinca), we will write to you in February 2018 explaining this. If we do not write to you, then your account(s) are not included in the transfer.
Your personal information
All personal and financial data relating to your account(s) will be transferred to Rosinca. Please be assured that we will always comply with our legal obligations under the Data Protection Act 1998. We will retain details of our relationship with you to comply with our regulatory obligations.
The relevant Credit Reference agencies will be notified of the transfer(s) of legal title and they will update your report accordingly. They may send you an automated notification about this, which will be for information only. This change will have no impact on your credit score.
The new Rosinca Mortgages website will soon be up and running. When this happens, this page will be updated with a direct link to the new site. In the meantime, please read through the Frequently Asked Questions – see below.
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Cheap BTL needs Housing Association?
Member Since October 2013 - Comments: 804
3:34 PM, 14th February 2018, About 8 years ago
I met my portfolio manager before Xmas and computer share was mentioned saying that’s where all mine where without any letters and still haven’t had any either.i am in the process of moving some of mine away so will keep u posted.
Member Since September 2015 - Comments: 1013
3:39 PM, 14th February 2018, About 8 years ago
Reply to the comment left by Joel Davis at 14/02/2018 – 15:24Yes he is one and the same guy.Steps down from UKAR in Jun2016 and a few months later in October 2016 pops up as Chairman of Topaz Finance Ltd. Any one smell something funny around here?
https://www.linkedin.com/in/richard-banks-133570b/
Member Since February 2011 - Comments: 3453 - Articles: 286
3:56 PM, 14th February 2018, About 8 years ago
Reply to the comment left by Mark Alexander at 13/02/2018 – 11:02
Freedom of Information request letter has now been posted as requested and I will report back when I receive an answer, but they are allowed 20 days to respond.
Member Since January 2011 - Comments: 12193 - Articles: 1395
4:14 PM, 14th February 2018, About 8 years ago
Reply to the comment left by Neil Patterson at 14/02/2018 – 15:56
Thanks Neil
Member Since September 2015 - Comments: 24
4:42 PM, 14th February 2018, About 8 years ago
Is that the same Richard Banks who was a director of B&B & MX – https://www.ceoemail.com/s.php?id=ceo-9246
Nice work if you can get it!
Member Since January 2018 - Comments: 59
7:20 PM, 14th February 2018, About 8 years ago
Reply to the comment left by Richard of York at 14/02/2018 – 16:42
Dick and Banks…2 words that go hand in glove in my opinion.
Comments: 36
4:08 PM, 15th February 2018, About 8 years ago
Money always ends up with rich banks.
Member Since November 2013 - Comments: 176
4:30 PM, 15th February 2018, About 8 years ago
Reply to the comment left by Joel Davis at 15/02/2018 – 16:08
It would be nice and not inconcievable to apply a past tense to that statement.
Chris.
Member Since April 2014 - Comments: 460 - Articles: 1
7:45 PM, 16th February 2018, About 8 years ago
Only have one with MX and just had my letter – its going to Rosinca. Mine is long out of a fixed rate and definitely tracks the base rate
Member Since March 2017 - Comments: 6
9:42 AM, 17th February 2018, About 8 years ago
I’ve been transferred to Jasper Mortgages – now that’s a made up name.